Posted 2/11/2024, 3:34:59 PM
Elon Musk Ordered to Testify Again Before SEC About Twitter Purchase
- Elon Musk ordered by court to testify before SEC regarding Twitter purchase and potential securities laws violations
- SEC seeking information on Musk's purchases of Twitter stock ahead of acquisition and statements about his investments
- Musk testified before SEC twice in July 2022, but agency now wants to ask about new information received
- Musk initially agreed to testify again in September 2022 but later postponed and refused to appear
- Musk argues SEC subpoena exceeds authority and seeks irrelevant information, but court denied this